Eight-Unit Apartment
For Sale
$1,040,000
1 W 6th Ave, Coatesville, PA 19320
Well-maintained eight-unit building with spacious 2-bedroom, 1-bath apartments generating approximately $9,800 monthly gross rent.
Property Size6,664 SF
Price / SF$156.06
Days on Market95
Property Features for 1 W 6th Ave
General Information
Standard status
Active
Size
6,664 SF
Additional Details
Multifamily Units
8
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
Listed By:
Beau McGettigan · License #AB069815
(484) 459-7882
Source:
Lgagne
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 7 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This well-maintained eight-unit apartment building is structured with eight spacious 2-bedroom, 1-bath units. The current tenancy includes one VA-supported tenancy, one Housing Authority of Chester County (HACC) tenancy, and six private-pay residents, providing a mix intended to support rental income stability. The property generates approximately $9,800 per month in gross rental income, or about $117,600 annually.
Located downtown in Coatesville, the building is described as within walking distance of the Coatesville VA Medical Center and the SEPTA/Amtrak Coatesville Station, with convenient access to major employment centers.
The asset is offered as part of a larger 75-unit portfolio made up of 11 multifamily and mixed-use investment properties across Chester County, Pennsylvania. This specific property is subject to a financing arrangement and is not available for individual purchase; additional portfolio information, financials, rent rolls, and due diligence materials are available upon request.
Located downtown in Coatesville, the building is described as within walking distance of the Coatesville VA Medical Center and the SEPTA/Amtrak Coatesville Station, with convenient access to major employment centers.
The asset is offered as part of a larger 75-unit portfolio made up of 11 multifamily and mixed-use investment properties across Chester County, Pennsylvania. This specific property is subject to a financing arrangement and is not available for individual purchase; additional portfolio information, financials, rent rolls, and due diligence materials are available upon request.
Key Highlights
- 1964‑built, well‑maintained 8‑unit multifamily property in downtown Coatesville
- All units are spacious 2‑bedroom, 1‑bath apartments
- Approximately $9,800/month in gross rental income, about $117,600 annually
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,260
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,200
$1.4M
Cap Rate 7%
$1,032,286
$1.0M
Cap Rate 9%
$802,889
$802.9K
Market Conditions
NOI Build-Up for 6,664 SF
Gross rent
$142.3K $21.36/SF
− Vacancy
−$11.0K −$1.64/SF
EGI
$131.4K $19.72/SF
− OpEx
−$59.1K −$8.87/SF
NOI
$72.3K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,200
Cap Rate 7%
$1,032,286
Cap Rate 9%
$802,889
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$903.3K – $1.20M
NOI $72,260 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,432 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
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Business Placement
Demographics for 19320, PA
54,149
Population
21,199
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
91%
High-School Grad
81.6 sq mi
ZIP Area
664
Density / Sq Mi
$88,852
Median Household Income
$44,920
Median Earnings
$1,427
Median Rent
$302,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained eight-unit building with spacious 2-bedroom, 1-bath apartments generating approximately $9,800 monthly gross rent.
Where is this multifamily property located?
The property is located at 1 W 6th Ave Coatesville, PA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: 1964‑built, well‑maintained 8‑unit multifamily property in downtown Coatesville; All units are spacious 2‑bedroom, 1‑bath apartments; Approximately $9,800/month in gross rental income, about $117,600 annually
